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GROWTH CENTRES (DEVELOPMENT CORPORATIONS) ACT 1974 - SECT 11
Disposal of land
11 Disposal of land
(1) A development corporation may, with the approval of the Minister and
subject to such terms and conditions as the Minister may attach to the
approval, sell, lease, exchange or otherwise deal with or dispose of land
vested in the development corporation, and may, with the like approval and
subject to the like terms and conditions, grant easements or rights-of-way
over that land or any part thereof.
(2) Notwithstanding subsection (1), the
approval of the Minister shall not be required for a lease of land by the
development corporation for a term which is less than three years.
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